| Phase Change Material Products Ltd |
| Registered number: 05991412 |
| Balance Sheet |
| As at 31 December 2025 |
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| Notes |
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|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
24,136 |
|
|
5,592 |
|
| Current assets |
| Stocks |
|
|
|
30,195 |
|
|
104,027 |
| Debtors |
5 |
|
|
102,083 |
|
|
56,771 |
| Cash at bank |
|
|
|
742,294 |
|
|
1,231,979 |
|
|
|
|
874,572 |
|
|
1,392,777 |
|
| Creditors: amounts falling due within one year |
6 |
|
|
(293,702) |
|
|
(577,931) |
|
| Net current assets |
|
|
|
580,870 |
|
|
814,846 |
|
| Net assets |
|
|
|
605,006 |
|
|
820,438 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Share capital |
7 |
|
|
100 |
|
|
100 |
| Retained earnings |
|
|
|
604,906 |
|
|
820,338 |
|
| Shareholder's funds |
|
|
|
605,006 |
|
|
820,438 |
|
|
|
|
|
|
|
|
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| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The company has taken the option not to deliver a profit and loss account to the Registrar of Companies. |
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|
| Zafer M Ure |
| Director |
| Approved by the board on 1 June 2026 |
|
| Phase Change Material Products Ltd |
| Notes to the Accounts |
| For the year ended 31 December 2025 |
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|
| 1 |
Company information |
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The company is a private company limited by shares, incorporated in England and registered at 32 Mere View Industrial Estate, Yaxley, Peterborough, PE7 3HS. |
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| 2 |
Accounting policies |
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2.1 Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the Standard). |
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2.2 Going concern |
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The accounts have been prepared on the going concern basis. Based on a review of the company's forecasts for the following 2 years and the availability of financial resources the directors consider that the company will continue to be able to meet its liabilities as they fall due for at least 12 months from the date of their approval of these accounts. |
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2.3 Functional and presentation currency |
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The company's functional and presentation currency is Pound sterling ("£"). |
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2.4 Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services including grant income. Turnover from the sale of goods is recognised at the point of sale. Turnover from the rendering of services is recognised on completion of the service. |
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2.5 Tangible assets |
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Tangible assets in the category of equipment are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on the tangible assets in the category of equipment at rates calculated to write off the cost less estimated residual value of each asset evenly over its expected useful life, as follows: |
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Equipment |
over 4 years |
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2.6 Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out method. Provision is made for damaged, obsolete and slow-moving stock where appropriate. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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2.7 Debtors |
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Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts. Longer term loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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2.8 Creditors |
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Short term creditors are measured at transaction price. Longer term loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2.9 Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the accounts and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
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2.10 Impairment |
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Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount, in which case the impairment loss is a revaluation decrease. |
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2.11 Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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2.12 Pension contributions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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|
| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed |
10 |
|
10 |
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| 4 |
Tangible assets |
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|
|
|
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|
|
Equipment |
| £ |
|
Cost |
|
At 1 January 2025 |
263,612 |
|
Additions |
31,075 |
|
Disposals |
(18,052) |
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At 31 December 2025 |
276,635 |
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Depreciation |
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At 1 January 2025 |
258,020 |
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Charge for the year |
10,563 |
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On disposals |
(16,084) |
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At 31 December 2025 |
252,499 |
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Net book value |
|
At 31 December 2025 |
24,136 |
|
At 31 December 2024 |
5,592 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
41,902 |
|
48,280 |
|
Other debtors |
60,181 |
|
8,491 |
|
|
|
|
|
|
102,083 |
|
56,771 |
|
|
|
|
|
|
|
|
|
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| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
153,127 |
|
357,683 |
|
Amounts owed to group undertakings |
|
60,936 |
|
101,562 |
|
Taxation and social security |
19,370 |
|
77,824 |
|
Other creditors |
60,269 |
|
40,862 |
|
|
|
|
|
|
293,702 |
|
577,931 |
|
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| 7 |
Share capital |
2025 |
|
2024 |
| £ |
£ |
|
Allotted, called up and fully paid: |
|
100 Ordinary shares of £1 each |
100 |
|
100 |
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